Buy AAPL, they made you some money already - they will make you more with "iSlate" soon enough.
iSlate is already priced in to AAPL
Ask HN: I made $24k over the last month. Now what?
161–170 of 207 posts
Re: Ask HN: I made $24k over the last month. Now what?
#162[deleted]
Re: Ask HN: I made $24k over the last month. Now what?
#163Earlier quoted context omitted.
Something I'd actually seriously consider in your place is YC companies. They get around 20K which is just enough to create a prototype/beta to solicit a larger round. This is not very much and I imagine many don't raise money right away after their Demo Day. Having another 15-20K could be highly desired in these earliest days. YC has already placed their bets that these companies will become great, and I think their…
I'd be ashamed to approach a YC company with my 24k. Like - it's not THAT much money!
You might be surprised at the responses you'd get. As you probably know web startups are cheaper than ever to build; that's why the YC model works so well. It's not in a startup's interest to raise huge amounts and give up lots of equity early on; it's far better to give up less than 10% (YC typically gets 6-7%). If you saw a company that you could relate to, and which you understood the dynamics of, and furthermore might also be able to contribute your support to then that can be worth quite a lot. The money is just part of what you can bring to the table. You've already built a successful tech app so you obviously have some tech knowledge, which is likely valuable. It certainly doesn't hurt to ask; the YC companies are the same types likely to be on HN, so approach it as more of a community/team aspect than a rigid VC offer. An early YC company might give up another 4-5% for what you could offer, and even that small amount might be worth millions in the not-too-distant future - meeting your criteria.
Re: Ask HN: I made $24k over the last month. Now what?
#164Great that you're making money with your business. Great that you can tell it's far form from guaranteed.
Just about any other business you'd name is also risky. (and if folks in HN know about something, you know you'll have competition). So no matter what else you do, keep a cushion. There's story everyday about formerly successful entrepreneurs who lived beyond their means and wound-up broke. Don't be them.
Re: Ask HN: I made $24k over the last month. Now what?
#165Can you share with us what apps you are selling on the app store?
Re: Ask HN: I made $24k over the last month. Now what?
#166Re: Ask HN: I made $24k over the last month. Now what?
#167Buy a house (or a couple houses). Rent some of them, live on the one you like the most. Let the rent pays for the mortgage.
Start thinking about having a family. Save money for your kids education. Save money for your parents. Save money for yourself for the old age (retirement plans [whatever the shape and form is], hospital bills, traveling).
Re: Ask HN: I made $24k over the last month. Now what?
#168First, congratulations; that's a pretty impressive feat on the app store. Have you thought about taking some of the income and using it to hire other developers to increase the number of apps that you've got being developed at once? It seems like you know what works and doesn't work on the app store, so it would probably make sense to start trying to make your efforts scale up.
The poster expressed the sentiment that the app store ecosystem is fragile and the income will end. If you believe that, investing in hiring more programmers for apps would be a move counter to your own beliefs. Since I tend to agree with that assessment, I couldn't recommend doubling down on building apps. There may be other good reasons to consider that, such as moving in another direction (consultancy, which raise…
I agree that the app store ecosystem is fragile, but the poster seems to know how to make money there now. It also sounds like his current business model is small investments that generate quick returns. If he keeps to the same model, but with a little outsourced dev help, he could make more hay while the sun is shining.
Re: Ask HN: I made $24k over the last month. Now what?
#169Pension fund.
Re: Ask HN: I made $24k over the last month. Now what?
#170You've probably got enough money and enough of an analytical mindset to explore the cost-per-lead affiliate marketing space, figure out what works through test buys (like poker, you've got to play a lot before you get good at it), and then have enough cash left over to float your operation while spending at a decent scale.
Downside - this can be an ethically-challenged business. But so are most 'make money fast' schemes.